Heldentoren
ActiveSummary
The computed 12-month bankruptcy probability of Heldentoren is 1.5% (moderate). The 2025 annual accounts show equity of €1.12M and a net result of €-446k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 88% of 837 sector peers (fiscal year 2025). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency100▲+30
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €70k at 30 days acceptable
Liquidity ample (current ratio 4.34 against 2.72 in 2024; short-term debt: 23% and cash: 39.5% of total assets), and 23% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 41
Relative position
BE, all sectors
reference
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
77%
Return on assets
-30.7%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-07-2026, 8 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
8 d early
2024
3 d early
2023
28 d late
2022
59 d early
2021
17 d early
2020
18 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-446k
2024 · €2.63M
2020: €-386k
2021: €-577k▼ -49.3% vs 2020lowest in 6 years
2022: €-280k▲ +51.5% vs 2021
2023: €-105k▲ +62.4% vs 2022
2024: €2.63M▲ +2603% vs 2023highest in 6 years
2025: €-446k▼ -117% vs 2024
2020 → 2025
Working capital
€1.12M▼ 49.7%
2024 · €2.22M
2020: €1.11M
2021: €536k▼ -51.8% vs 2020
2022: €257k▼ -52.1% vs 2021
2023: €152k▼ -41.0% vs 2022lowest in 6 years
2024: €2.22M▲ +1365% vs 2023highest in 6 years
2025: €1.12M▼ -49.7% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€536k-€257k▼ 52.1%€152k▼ 41.0%€1.56M▲ 932%€1.12M▼ 28.5%
2021: €536k
2022: €257k▼ -52.1% vs 2021
2023: €152k▼ -41.0% vs 2022lowest in 5 years
2024: €1.56M▲ +932% vs 2023highest in 5 years
2025: €1.12M▼ -28.5% vs 2024
Operating result€-240k-€-33k▲ 86.4%€-14k▲ 58.4%€3.04M€-486k
2021: €-240k
2022: €-33k▲ +86.4% vs 2021
2023: €-14k▲ +58.4% vs 2022
2024: €3.04M▲ +22573% vs 2023highest in 5 years
2025: €-486k▼ -116% vs 2024lowest in 5 years
Net result€-577k-€-280k▲ 51.5%€-105k▲ 62.4%€2.63M€-446k
2021: €-577klowest in 5 years
2022: €-280k▲ +51.5% vs 2021
2023: €-105k▲ +62.4% vs 2022
2024: €2.63M▲ +2603% vs 2023highest in 5 years
2025: €-446k▼ -117% vs 2024
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €486k after €3.04M in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.45M
Equity
€1.12M ▼ 28.5%
Provisions
€0 ▼ 100%
Debt
€335k ▼ 74.1%
Debt's share of the balance-sheet total falls from 36.8% to 23.0%. Equity and debt are lower.
Key figures and ratios
Current ratio
4.34▲
2024 · 2.72
Quick ratio
3.78▲
2024 · 2.12
Debt to equity
0.30▼
2024 · 0.83
ROE
-39.9%▼
2024 · 168.4%
ROA
-30.7%▼
2024 · 75.0%
Debt ≤ 1 year
€335k▼
2024 · €1.29M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€3.52M€1.45M▼
Current assets29/58€3.52M€1.45M▼
Amounts receivable after more than one year29€1.27M€69k▼
Other amounts receivable291€1.27M€69k▼
Stocks and contracts in progress3€776k€189k▼
Stocks30/36€776k€189k▼
Amounts receivable within one year40/41€270k€620k▲
Trade receivables40€245k-
Other amounts receivable41€25k€620k▲
Cash at bank and in hand54/58€1.14M€573k▼
Deferred charges and accrued income490/1€65k€441▼
Equity and liabilities
Total equity and liabilities10/49€3.52M€1.45M▼
Equity10/15€1.56M€1.12M▼
Contributions10/11€1.50M€1.50M=
Capital10€1.50M€1.50M=
Issued capital100€1.50M€1.50M=
Reserves13€64k€64k=
Non-distributable reserves130/1€64k€64k=
Legal reserve130€64k€64k=
Profit (loss) carried forward14-€-446k
Provisions and deferred taxes16€656k-
Provisions for liabilities and charges160/5€656k-
Other liabilities and charges164/5€656k-
Amounts payable17/49€1.29M€335k▼
Amounts payable within one year42/48€1.29M€335k▼
Trade debts44€35k€335k▲
Suppliers440/4€35k€335k▲
Taxes, remuneration and social security45€37k-
Taxes450/3€37k-
Other amounts payable47/48€1.22M-
Income statement
Code20242025
Provisions for liabilities and charges: additions (uses and reversals)635/8€656k€-656k▼
Other operating charges640/8€896€463▼
Gross operating margin9900€3.70M€-1.14M▼
Operating profit (loss)9901€3.04M€-486k▼
Financial income75/76B€50k€40k▼
Recurring financial income75€50k€40k▼
Financial charges65/66B€25k€451▼
Recurring financial charges65€25k€451▼
Profit (loss) for the period before taxes9903€3.07M€-446k▼
Income taxes67/77€430k-
Profit (loss) for the period9904€2.63M€-446k▼
Profit (loss) for the period to be appropriated9905€2.63M€-446k▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.29M€-446k▼
Profit (loss) brought forward from the previous period14P€-1.35M-
Transfer to equity691/2€64k-
To the legal reserve6920€64k-
Profit to be distributed694/7€1.22M-
Return on contributions (dividend)694€1.22M-
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €656k | €-656k | ▼ 200% |
| Other operating charges640/8 | €111 | €502 | €115 | €896 | €463 | ▼ 48.3% |
| Gross operating margin9900 | €-240k | €-32k | €-13k | €3.70M | €-1.14M | ▼ 131% |
| Operating profit (loss)9901 | €-240k | €-33k | €-14k | €3.04M | €-486k | ▼ 116% |
| Financial income75/76B | €0 | €0 | €4k | €50k | €40k | ▼ 18.4% |
| Recurring financial income75 | €0 | €0 | €4k | €50k | €40k | ▼ 18.4% |
| Financial charges65/66B | €337k | €247k | €96k | €25k | €451 | ▼ 98.2% |
| Recurring financial charges65 | €337k | €247k | €96k | €25k | €451 | ▼ 98.2% |
| Profit (loss) for the period before taxes9903 | €-577k | €-280k | €-105k | €3.07M | €-446k | ▼ 115% |
| Income taxes67/77 | - | - | - | €430k | - | - |
| Profit (loss) for the period9904 | €-577k | €-280k | €-105k | €2.63M | €-446k | ▼ 117% |
| Profit (loss) for the period to be appropriated9905 | €-577k | €-280k | €-105k | €2.63M | €-446k | ▼ 117% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €13.44M | €25.45M | €28.55M | €3.52M | €1.45M | ▼ 58.7% |
| Current assets29/58 | €13.44M | €25.45M | €28.55M | €3.52M | €1.45M | ▼ 58.7% |
| Amounts receivable after more than one year29 | - | - | - | €1.27M | €69k | ▼ 94.5% |
| Other amounts receivable291 | - | - | - | €1.27M | €69k | ▼ 94.5% |
| Stocks and contracts in progress3 | €9.20M | €17.76M | €26.92M | €776k | €189k | ▼ 75.6% |
| Stocks30/36 | €9.20M | €17.76M | €26.92M | €776k | €189k | ▼ 75.6% |
| Amounts receivable within one year40/41 | €430k | €902k | €953k | €270k | €620k | ▲ 130% |
| Trade receivables40 | €430k | €902k | €442k | €245k | - | - |
| Other amounts receivable41 | - | - | €511k | €25k | €620k | ▲ 2,399% |
| Cash at bank and in hand54/58 | €3.81M | €6.79M | €669k | €1.14M | €573k | ▼ 49.6% |
| Deferred charges and accrued income490/1 | €441 | €441 | €2k | €65k | €441 | ▼ 99.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €13.44M | €25.45M | €28.55M | €3.52M | €1.45M | ▼ 58.7% |
| Equity10/15 | €536k | €257k | €152k | €1.56M | €1.12M | ▼ 28.5% |
| Contributions10/11 | €1.50M | €1.50M | €1.50M | €1.50M | €1.50M | = |
| Capital10 | €1.50M | €1.50M | €1.50M | €1.50M | €1.50M | = |
| Issued capital100 | €1.50M | €1.50M | €1.50M | €1.50M | €1.50M | = |
| Reserves13 | - | - | - | €64k | €64k | = |
| Non-distributable reserves130/1 | - | - | - | €64k | €64k | = |
| Legal reserve130 | - | - | - | €64k | €64k | = |
| Profit (loss) carried forward14 | €-964k | €-1.24M | €-1.35M | - | €-446k | - |
| Provisions and deferred taxes16 | - | - | - | €656k | - | - |
| Provisions for liabilities and charges160/5 | - | - | - | €656k | - | - |
| Other liabilities and charges164/5 | - | - | - | €656k | - | - |
| Amounts payable17/49 | €12.91M | €25.20M | €28.40M | €1.29M | €335k | ▼ 74.1% |
| Amounts payable within one year42/48 | €12.91M | €25.20M | €28.40M | €1.29M | €335k | ▼ 74.1% |
| Trade debts44 | €442k | €855k | €976k | €35k | €335k | ▲ 847% |
| Suppliers440/4 | €442k | €855k | €976k | €35k | €335k | ▲ 847% |
| Advances received on contracts in progress46 | €9.36M | €22.60M | €27.42M | - | - | - |
| Taxes, remuneration and social security45 | €220k | €294k | - | €37k | - | - |
| Taxes450/3 | €220k | €294k | - | €37k | - | - |
| Other amounts payable47/48 | €2.89M | €1.45M | - | €1.22M | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-577k | €-280k | €-105k | €2.63M | €-446k | ▼ 117% |
| Operating cash flow (approximation) | €-577k | €-280k | €-105k | €2.63M | €-446k | ▼ 117% |
| Change in cash | - | €2.98M | €-6.12M | €470k | €-565k | ▼ 220% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
23-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €2.63M
Net result €2.63M after 4 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 2.72
Current ratio from 1.01 to 2.72; short-term debt falls from €28.40M to €1.29M.
31-12
Financial
Equity above €1MEq €1.56M ▲932%
Equity rises from €152k to €1.56M.
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 28 days late
2023
02-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
14-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet €-577k
Net result drops to €-577k, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 2019
Ground area
125 m²
Building footprint
125 m²
Volume, LiDAR
2,439 m³
Parcel 31332E0077/00_000, Flanders · tallest building 26.3 m, ±7 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Heldentoren
since 20192.295.084.336
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332E0077/00_000 | Flanders | 125 m² | 1 · 125 m² | 26.3 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 29,779 companies in sector 41001 we hold annual accounts for 16,044. 6,006 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
Contact
Website
www.heldentoren.eu
E-mail
info@heldentoren.eu
Scores and ratios are computed by Checked and are not a credit decision.